Latest News
New report from BOS: the gambling tax increase creates one thousand new problem gamblers
![new-report-from-bos:-the-gambling-tax-increase-creates-one-thousand-new-problem-gamblers](https://recentslotreleases.com/wp-content/uploads/2024/05/136594-new-report-from-bos-the-gambling-tax-increase-creates-one-thousand-new-problem-gamblers.png)
The Swedish Trade Association for Online Gambling (BOS) today presents a report produced by the analysis institute Copenhagen Economics (CE). CE has calculated what the tax increase on gambling (from 18% to 22%) from 1 July this year will lead to, on a number of key issues. CE finds that:
- The tax increase will reduce the legal regulated license market’s share of the gambling market by 1.2 -2.5 percentage points. Corresponding losses for the regulated gambling market will be taken over by the unregulated gambling market.
- Measured in number of individuals, this means that 2,881 to 6,085 individuals will switch to unlicensed alternatives.
- As a direct result of the tax increase on gambling, 591 to 1,247 people will develop gambling problems. This as a result of the loss of licensed gambling to unlicensed gambling. The unlicensed gambling lacks statutory consumer protection.
- The expected increased tax revenue is calculated by the Ministry of Finance at SEK 539 million annually. Copenhagen Economics calculates that the increased tax revenue will be significantly lower: SEK 214-399 million.
“At the price of a modest net addition to the treasury, the tax increase creates around one thousand new cases of people with gambling problems. Thus, gambling problems that would never have occurred without the increase in the gambling tax. The government should completely overhaul its gambling policy and instead protect and strengthen the legal gambling market, which offers the consumer the protection all gamblers should be able to enjoy,” says Gustaf Hoffstedt, Secretary General, the Swedish Trade Association for Online Gambling.
The post New report from BOS: the gambling tax increase creates one thousand new problem gamblers appeared first on European Gaming Industry News.
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Spinomenal sets sail with Wild Sailors – Tides of Adventure slot
![spinomenal-sets-sail-with-wild-sailors-–-tides-of-adventure-slot](https://recentslotreleases.com/wp-content/uploads/2024/06/137616-spinomenal-sets-sail-with-wild-sailors-tides-of-adventure-slot.jpg)
Leading iGaming content provider Spinomenal has launched its new Adventures series title, Wild Sailors – Tides of Adventure.
This game is set within a 5×3 framework and includes nautically inspired symbols like a golden compass, pirate hat, treasure map and pirate flag. Players who find three or more Scattered Free Spins symbols will initiate the free spins game. Three Free Spins symbols will grant 10 Free Spins, four will grant 15 Free Spins and five grant 20 Free Spins. The pirate Wild can appear on all reels only during the Free Spins round, and has the ability to replace all other symbols except for the Scattered Free Spins symbol.
A standout part of the game is the much-loved Instant Cash element. Each time the reels spin, the Instant Cash symbol will randomly display a value, there are four kinds of Instant Cash symbols. The Instant Cash symbols also function as a paying symbol in regard to the pay-line combinations. During each spin, these symbols will show a random value that can be won.
During the Free Spins feature, each Wild symbol will collect all the values from the Instant Cash symbols that appear. These Wild symbols will be accumulated until the end of the round.
After collecting four Wild symbols, the player will be awarded 10 additional free spins. From that point, the Small Instant Cash symbol, which pays x2 or x5 of the total bet, will be boosted to a Medium Instant Cash symbol, paying x10 or x15 of the total bet.
Upon collecting eight Wild symbols, the player will receive six additional free spins. All proceeding spins will see the Medium Instant Cash symbol boosted to a Large Instant Cash symbol, paying x20 or x25 of the total bet. After collecting 12 Wild symbols, the player will be awarded four additional free spins. For the remaining spins, the Large Instant Cash symbol will be boosted to a Huge Instant Cash symbol, paying x50 or x2000 of the total bet.
Spinomenal CO-CEO, Omer Henya commented: “Wild Sailors – Tides of Adventure promises players a swashbuckling slots adventure where golden bounties await only the most hardened sea goers. Bright graphics, a jovial soundtrack and the Instant Cash feature all make for a treasure of a game.”
The post Spinomenal sets sail with Wild Sailors – Tides of Adventure slot appeared first on European Gaming Industry News.
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LuckyStreak and Ethereal: iGaming for real in 2024
![luckystreak-and-ethereal:-igaming-for-real-in-2024](https://recentslotreleases.com/wp-content/uploads/2024/06/137618-luckystreak-and-ethereal-igaming-for-real-in-2024.png)
LuckyStreak, the Riga-based iGaming services provider established in 2014 has added another powerful games provider to its content aggregation solution: Ethereal Gaming.
The deal means LuckyStreak’s content aggregation API, LuckyConnect, will welcome Ethereal’s diverse games portfolio, and will be be available to its network of over 1000 online casinos worldwide.
Ethereal is the fourth major content provider to join LuckyConnect in 2024, marking an uptick in new content partners, powered by its recently launched Universal Provider API (UPAPI).
Ethereal Gaming, founded in 2023 by industry veterans, is a pioneering tech-centric company dedicated to delivering top-tier technology solutions to its partners. Focused on the online casino space, Ethereal Gaming offers a diverse range of innovative products.
Ethereal Gaming is made up of three brands:
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Ethereal Gaming is the main brand and also the brand for technology solutions
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Sport Slots: sports-themed slots
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Xin Gaming: themed slots for the Asia market
From innovative gaming content to suit the needs of diverse gambling customers and businesses, to the provision of RGS and an advanced games development kit, Ethereal aims to be a game-changer in the iGaming industry.
Rory Kimber, LuckyStreak Commercial Director said: “I’m delighted to welcome Ethereal to LuckyConnect, our content rich aggregation solution. It’s a real win-win: for LuckyConnect customers it’s the addition of unique content and a solid pipeline based on years of industry knowledge. For Ethereal, boosting their reach to our growing customer base of operators and leading platforms is a great early step in their development. For our players, it means even more great games.”
Iñaki Fernandez, Ethereal Co-founder and CTO added: “It’s been an incredible first year for Ethereal, and we’re delighted with what we have achieved. We have made some invaluable partnerships, and LuckyStreak, an established player, provider and aggregator in igaming, we’re really pushing on. We see this as a fantastic opportunity to take our content and solutions to our core audience, at scale, with a highly professional and well-connected partner”.
The post LuckyStreak and Ethereal: iGaming for real in 2024 appeared first on European Gaming Industry News.
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HÖLLE GAMES UNLEASH A BONANZA
![holle-games-unleash-a-bonanza](https://recentslotreleases.com/wp-content/uploads/2024/06/137620-holle-games-unleash-a-bonanza.png)
“Book of Bonanza” is available from today, a 5×3, 10 payline slot and the latest title from Hölle Games, with a bouncy new twist on the Book mechanic.
The sweet style and bubbly soundtrack lets you know you’ve arrived in the land of plenty, with the base game featuring various wild bonbon symbols – which multiply the winnings of any payline they touch. They can even multiply each other. Juicy!
Meanwhile in Book Spins, the background changes as you enter the real bonanza of the title. This part of the game offers the usual special expanding symbol but adds a progressive collection bar. Every three Gumdrops collected on the reels will unlock a segment of the bar, which applies a 2x, 3x and 5x multiplier to any special symbol winnings. This can result in some truly epic wins if you’re lucky to get a full screen of symbols plus a multiplier!
With 4 different RTPs available the game is now available in Sweden and MGA regions with additional territories to follow soon. Hölle Games will continue their adventures next month with a tribute to Siegfried the Dragonslayer!
The post HÖLLE GAMES UNLEASH A BONANZA appeared first on European Gaming Industry News.
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